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Cable Update (GBPUSD)

  • #229,561
  • Jun 2, 2010 9:05pm Jun 2, 2010 9:05pm
Quoting thetruthspy
In my view :Bear set up on GU daily chart...
With target to 1.4470...
as long as last week's high could be a strong support ( 4600 area ).... i will see this. if not... agree with you .... that's forex ....
Attached Image (click to enlarge)
Click to Enlarge Name: could be wrong 2.JPG Size: 50 KB
  • #229,562
  • Jun 2, 2010 9:59pm Jun 2, 2010 9:59pm
Quoting thetruthspy
In my view :Bear set up on GU daily chart...
With target to 1.4470...
I drew you a nice simple chart so there is no argument where gu is going

Attached Image (click to enlarge)
Click to Enlarge Name: eu05.gif Size: 39 KB
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  • #229,563
  • Jun 2, 2010 10:05pm Jun 2, 2010 10:05pm
Quoting malcolmb14
I drew you a nice simple chart so there is no argument where gu is going

Attachment
  • #229,564
  • Jun 2, 2010 10:05pm Jun 2, 2010 10:05pm
Quoting Ineedpips9
Well, looks like I've managed to offend someone without even being at my computer. I just got back from playing some soccer(aka:real football) and...
Hi
I apologize for being impatient and jumping the gun so quick. Just a little confused and overwhelmed with all this information. And I thank you and Malcolmb for pointing me in the right direction. Really appreciate all the help guys. Thanks again.
  • #229,565
  • Jun 2, 2010 10:07pm Jun 2, 2010 10:07pm
Quoting malcolmb14
I drew you a nice simple chart so there is no argument where gu is going

Attachment

Except that there's a good chance that descending utl will not cap the upmove this time imho.
Massive bullish divergence on multiple osc printed in between 1st March's low - 18th May low.
Thank You
  • #229,566
  • Jun 2, 2010 10:10pm Jun 2, 2010 10:10pm
Quoting Fxny10
Hi
I apologize for being impatient and jumping the gun so quick. Just a little confused and overwhelmed with all this information. And I thank you and Malcomb for pointing me in the right direction. Really appreciate all the help guys. Thanks again.

there are a million ways to trade.

I use a conbination of murray math lines ( just for s/r zones) , Volume spread analysis ( by far the ONLY way to trade as a primary tool ) and hulls moving average. My primary entry is vsa set ups . and if then I use hulls / mml for targets

Magix does awesome using his moving averages .

learn one , and become good at it.

To be honest most good traders have an instinct for trading and they trade just using price action . If market does not seem to be working stay out. If you are on the wrong side of the market in a loser , get out , never wait for the market to ' turn around ' . I use 40 pip stops , much easier to recover form a 40 pip hit than a 400 one.
Blogging daily now at www.volume.zone
  • #229,567
  • Jun 2, 2010 10:14pm Jun 2, 2010 10:14pm
Quoting wormboy
Except that there's a good chance that descending utl will not cap the upmove this time imho.
Massive bullish divergence on multiple osc printed in between 1st March's low - 18th May low.
tonight .... if gu makes its move it will be London thru the US

asia low was 1.4651 , plus 230 = 1.4880 , close enough to 1.4896 tl

also on a vsa 4 hr we had a killer buy trigger .... this happened at end of london and likely London boys will continue move later

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Click to Enlarge Name: eu05.gif Size: 36 KB
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  • #229,568
  • Jun 2, 2010 10:21pm Jun 2, 2010 10:21pm
Quoting malcolmb14
tonight .... if gu makes its move it will be London thru the US

asia low was 1.4651 , plus 230 = 1.4880 , close enough to 1.4896 tl
Interesting target
Missed mine by 1. Here's my projected target:
1. http://www.forexfactory.com/showpost...postcount=6197

will be chuffed if we do get there tonite tbh
Thank You
  • #229,569
  • Edited 11:00pm Jun 2, 2010 10:44pm | Edited 11:00pm
A little pattern recognition on the h4 200ema, white line.....

Seems to be a critical spot, yellow line on the chart, was a support line on the down trend, now seems to be a resistance line for any move higher.

Hrmmm, go long....I'm not so sure about that.

One thing that might produce a little up surge...GJ still hasn't hit the h4 cap yet, missed it by just a couple of shy pips...given that, I would bet that London chases the new high to the h4 200 and fall like rain.

Would be watching fast on the trigger for any long position and for sure not trying to catch falling knives from here....
Attached Image (click to enlarge)
Click to Enlarge Name: h4cable2.jpg Size: 171 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #229,570
  • Jun 2, 2010 10:45pm Jun 2, 2010 10:45pm
Quoting malcolmb14
there are a million ways to trade.

I use a conbination of murray math lines ( just for s/r zones) , Volume spread analysis ( by far the ONLY way to trade as a primary tool ) and hulls moving average. My primary entry is vsa set ups . and if then I use hulls / mml...
Hi:
Thank you for replying. I always read your posts and save them in a text file for reference. As you can tell I'm just starting out, the method I've been using is just "trend" following, whole numbers and 50% fibs. I still have a long way to go.
I plotted the HMA on my charts but a little confused as to how exactly it works. If you can just give me a brief synopsis of murray math lines and the HMA indicator you posted that would be great.
  • #229,571
  • Edited 10:49pm Jun 2, 2010 10:46pm | Edited 10:49pm
Quoting malcolmb14
I drew you a nice simple chart so there is no argument where gu is going

Attachment
http://www.forexfactory.com/attachme...1&d=1275536668

h0w b0ut this Sir Malc ?
Maybe this chart c0uld be caused by my lil sh0rt being sick n0w
Just wanna read an explanati0n t0 help amateur like me deciding what t0 d0
spirit 0f pipping
  • #229,572
  • Jun 2, 2010 10:48pm Jun 2, 2010 10:48pm
wish GU fly and get my TP @ 1.4760
  • #229,573
  • Jun 2, 2010 10:50pm Jun 2, 2010 10:50pm
FYI for whoever wants to know.

http://www.forexfactory.com/showpost...&postcount=192

http://www.forexfactory.com/showpost...&postcount=193

Jim
  • #229,574
  • Jun 2, 2010 11:09pm Jun 2, 2010 11:09pm
Long at 1.4560 aim 1.4685. Done ! Where is the market going from here?
  • #229,575
  • Jun 2, 2010 11:21pm Jun 2, 2010 11:21pm
Quoting malcolmb14
there are a million ways to trade.

I use a conbination of murray math lines ( just for s/r zones) , Volume spread analysis ( by far the ONLY way to trade as a primary tool ) and hulls moving average. My primary entry is vsa set ups . and if then I use hulls / mml...

i already here since few month ago, and you never give me any advise..., (jealous mode on )
I will be the number one Manager.
  • #229,576
  • Jun 2, 2010 11:31pm Jun 2, 2010 11:31pm
Quoting javapips
i already here since few month ago, and you never give me any advise..., (jealous mode on )
lol, the advice he gives is right here for us all! do u check out the vsa thread too?
  • #229,577
  • Jun 2, 2010 11:45pm Jun 2, 2010 11:45pm
Quoting Fxny10
Hi:
Thank you for replying. I always read your posts and save them in a text file for reference. As you can tell I'm just starting out, the method I've been using is just "trend" following, whole numbers and 50% fibs. I still have a long way to go.
I plotted the HMA on my charts but a little confused as to how exactly it works. If you can just give me a brief synopsis of murray math lines and the HMA indicator you posted that would be great.

ok think of the MML as levels of s/r . From one MML to another is called an octave. Price typically moves in 2 octaves. Current 21 day average range on Gu is 194 , bust into three = 60 pip each approx . Play with the settings on your Gu chart so that the MML on a 15 min chart are spaced at 60 pip ( this happens to be a 60 min time frame right now set mm period to 60 in the mml options) . Now on any time frame you switch into the mml will be set with a 60 min period setting and will remain constant for 2.7 days. These are your battle lines , areas of s/.r. ...

price moves well between these lines , often stopping dead on them .

Now what you do with hulls is use it as a trend tool ... chart below shows an example , the low of that session was 1.4440 , the days range is 194 , so expected target = 1.4820 , or approx 3 octaves of murray math. How do we know it is a bottom , well treble bottom and last effort to go down was on low vol and in vsa this is called a test and shows strength . (get hold of tom williams master the markets to grasp vsa concepts) ...

I have shown trades set up on attached charts, Note these mml are not set every day like pivots. If set for 60 min they are there for 2.7 days.

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  • #229,578
  • Jun 2, 2010 11:52pm Jun 2, 2010 11:52pm
assuming tokyo low was low of day ( uncommon but we may see up day based on double hammer on ftse daily and 2.5% rise on us indexes)

we see hulls on a 60 min green ...setting 21 ...

3 x octaves - target 1.4832 min

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  • #229,579
  • Jun 3, 2010 12:12am Jun 3, 2010 12:12am
Quoting malcolmb14
ok think of the MML as levels of s/r . From one MML to another is called an octave. Price typically moves in 2 octaves. Current 21 day average range on Gu...

Thank you sir
  • #229,580
  • Jun 3, 2010 12:15am Jun 3, 2010 12:15am
Quoting javapips
i already here since few month ago, and you never give me any advise..., (jealous mode on )
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